CBIC clarifies on ITC-restriction prescribed under Rule 36(4) cumulatively for February to August

CBIC issues clarification relating to application of sub-rule (4) of rule 36 of the CGST Rules, 2017 for the months of February to August, 2020 relating to ITC availment in respect of invoices or debit notes, the details of which have not been uploaded by suppliers; Reiterates that clarifications issued earlier vide Circular No. 123/42/2019 – GST dated November 11, 2019 shall still remain applicable, except for the cumulative application as prescribed in proviso to sub-rule...